Live Exchange Rates - USD/SAR
Current tradable exchange rates, live from OANDA fxTrade
Understanding live exchange rates
OANDA is electronically connected to numerous global banks to access the best currency rates for its forex traders, and electronic algorithms on OANDA’s fxTrade servers update exchange rates tick-by-tick, in periods of less than a second. The currency rates shown on this page are updated less frequently, but are still a close reflection of the rates available to forex traders right now.
USD/SAR at a Glance
U.S. Dollar (Currency code: USD)
- Central bank: The Federal Reserve System (also known as the Federal Reserve, or the Fed)
- The USD (also called the greenback or buck) is the de facto global currency. Most commodities (including gold and oil) are priced in USD.
- The U.S.A. has by far the largest economy in the world.
- America faces challenges from developing economies, and has consistently large trade deficits with other nations.
Sau’di Riyal (Currency code: SAR)
- Central bank: Saudi Arabian Monetary Agency
- Since 1986, the riyal has been pegged at 3.75 SAR to one USD.
- The riyal rose to 3.70, an exceptional 20-year high, in late 2007, when the U.S. Federal Reserve cut interest rates and Saudi Arabia chose not to follow suit.
- Petroleum and petroleum products, at 90% of Saudi exports, are the main source of government revenues. The government is trying to diversify its economy away from oil.